Low Cost Capital to Finance
HBCU Improvements

Recognizing the prominent role of Historically Black Colleges and Universities in American history, the U.S. Department of Education's Capital Financing Program addresses a widespread need of HBCUs for capital improvements and their general lack of access to traditional funding sources. This unique program:

The premier investment bank serving HBCUs, Rice Financial Products Company serves as the Designated Bonding Authority (DBA) for the HBCU Capital Financing Program through its subsidiary, Rice Capital Access Program. Rice is an established 100% African-American owned firm with a track record of service to HBCUs and other higher education issuers across the country.
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In April 2009, Rice Capital Access Program selected BNY Mellon, the world’s leading provider of trust and custody services, as trustee and paying agent for the program. The decision was based on Rice’s long and successful working relationship with BNY Mellon as well as its financial strength and stability, leadership role in the debt capital markets, experience working with U.S. Government Agencies, and uncompromising commitment to diversity.

Bryant Miller Olive serves Rice Capital Access Program as bond counsel.